Completed Development AidData Chinese Aid

China Eximbank contributes $49 million to $98 million syndicated loan for 1080 MW Raj Westpower Power Plant Project

$49M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	JSW Group
Country	India
Start Date	Apr 01, 2009
End Date	Feb 09, 2026
Duration	6,158 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54346`

Grant Description

China Eximbank contribution to USD 98 million syndicated loan for 1080 MW Raj Westpower Power Plant Project On April 1, 2009, China Eximbank and ICICI Bank provided a syndicated loan worth 4,954.49 million Indian rupees (or $98 million) to JSW Group for the 1080MW Raj Westpower Power Plant Project. Each bank contributed 50% of the debt financing for the syndicated loan ($49 million USD).

The proceeds of the loan were used to construct a 1080 MW lignite based pitehead power plant in the district of Rajasthan. The power plant consists of 8 units and each unit was commissioned on a staggered schedule. The sixth and seventh units were the last ones to be commissioned — on March 16, 2013.

JSW Group is the parent company of Raj Westpower.

It has signed power purchase agreements (PPAs) with distributors in Rajasthan for 1000 MW, at a 30-year levelized tariff of Rs 1.91 per unit, excluding escalations.

📋 Staff Comments

1. The Raj Westpower Power Plant is also known the Barmer Power Plant.

📚 Sources & References

Raj Westpower Power Plant (1080MW)
Barmer Plant
JSW Barmer Power Station and https://www.jsw.in/energy/jsw-energy-barmer-statutory-information
RWPL commissions captive lignite based power project in Rajasthan
Overview of Electricity Generation and Consumption in Rajasthan
JSW Barmer Jalipa Kapurdi power station
SW Energy Barmer Statutory Information
JSW Barmer Power Station Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.